DFCC and DVB amalgamation approved at EGM

The shareholders of DFCC Bank PLC and DFCC Vardhana Bank PLC have approved a special resolution to merge the operations of the two entities at an Extraordinary General Meeting held on August 28.

Central Bank to keep rates steady today 

?REUTERS: Central Bank is expected to keep its policy interest rates unchanged at record lows today, a Reuters poll showed.

Motor traders renew call for national industry policy

The Colombo Motor Traders Association (CMTA) renewed its call for a national motor industry policy, and is in the process of setting up a long-term policy paper for the use by the government in the midst of a balance of payment crisis and highly congested urban environment.

Lush launches second skin centre in Colombo

?Lush, the state-of-the-art Skin Clinique ceremoniously launched its second skin care centre ‘ Lush@Park Medical Aesthetics’  in the heart of Colombo recently.

Siddhalepa Ayurveda Health Resort shines at Chefs Guild Awards

?Siddhalepa Ayurveda Health Resort recorded 6 winners out of the 7 entries to this year’s Chefs Guild Awards – a prestigious event held every two years for the Food & Beverage industry with active participation from most hotels and resorts in Sri Lanka.

Sri Lanka’s first French fine dining restaurant opens

As patron of the elite dining club The Nth Degree, headquartered in London, Niranjan Deva Aditiya MEP (Nirj) has always felt particularly blessed.

Scan Jumbo “Cycle WESSA” offers 75 Mountain bikes

?Scan Jumbo Peanuts, which leads the local market for packed peanuts, embarked on the initiative of offering 75 mountain bikes as a gesture of loyalty towards its customers, following an enthusiastic backing for the product since inception.

Tile industry focused exhibition to be held at BMICH next month

?To strengthen the Sri Lanka tile industry, a focused exhibition on tiles & sanitary is to be held next month. The Exhibition aims at growth of Sri Lanka industry of Tiles & Sanitary ware in Sri Lanka & Globally.

Samaposha wins Gold at National Agribusiness Awards

?The ‘National Agribusiness Awards 2015’ organized by the National Agribusiness Council was ceremoniously held at the BMICH recently.

What can we learn from China’s stock market meltdown?

?China has been a major contributor to economic growth and low global inflation for more than two decades. However, after Black Monday, the world is pondering whether it is a start of a new and alarming phase of a crisis that would trickle down to the rest of the world.

CLA strategy workshop to maximise profitability with lean management

The concept of lean management is one that has both evolved and revolutionised operations and production processes across all industries and businesses. 

CIMA and HRP co-partner Personal Archetyping with Michel Nugawela

?CIMA Sri Lanka and the Association of Human Resource Professionals (HRP) have entered into a joint partnership with Michel Nugawela to co-brand, market and conduct Personal Archetyping programmes to their corporate membership. 

Big Ideas for Small Business Managers : Innovation makes your product superior and your customer muc

Today’s managers are full of ideas, theories and information. They have extraordinary knowledge and expertise and are highly skilled at traditional business thinking.

Dhanaranjan,Taniya, Dhanushan,Yannik shine in regional junior golf – Kandy

G Dhanaranjan , fresh from winning the Victoria Junior Open Championship ,  on Saturday, went on to win back to back tournaments by winning the Gold division,  of the Kandy Regional Junior open 2015 on Sunday. The lad a product of the Victoria Golf Club junior development squad faired brilliantly playing 3 under in the first day and 10 over par second day to close the tournament 7 over par. The second leg of the national junior regional

Harry J cries foul over state inaction related to illegal alcohol trade

Illegal alcohol manufacture is continuing to thrive with the aid of public officials as the state refuses to take action against provided information, said Distilleries Company of Sri Lanka PLC (DCSL) Chairman Harry Jayawardene.

Japan hosts women-focused conference amid economy push

AFP - Japan yesterday kicked off the “World Assembly for Women” conference, with Prime Minister Shinzo Abe pledging to shake up a corporate culture at home that discriminates against female workers. Tokyo plays host to the

Shares up as investors snap up battered stocks

REUTERS - Sri Lankan stocks were trading firmer yesterday, heading for a third straight session of gains, as investors bought into some select battered shares after recent falls. The main stock index was trading up 0.59 percent

Sri Lanka Insurance supports Kandy Esala Perahera

Sri Lanka’s cultural master piece, the Kandy Esala Perahera with all its grandeur was seen once again livening up the hills last week, attracting the attention of all  arts and culture lovers from around the world

Israel to use crop, water technology to win friends in Africa

AFP - Israel wants to use its cutting-edge agricultural technology to improve food production and win friends across Africa, Prime Minister Benjamin Netanyahu said Thursday.

Rupee falls after state-run bank raises dollar peg

REUTERS: The Sri Lankan rupee fell yesterday as a state-run bank, through which the Central Bank usually directs the market, raised the currency’s peg against the dollar by 15 cents, allowing the exchange rate to depreciate to 134.30.

Oil prices extend gains on strong US data

AFP - Crude extended gains in Asia yesterday, following a 10 percent price surge in the previous session fuelled by strong US economic data. US benchmark West Texas Intermediate (WTI) for October delivery rose 52 cents to $43.08

Another 1st in solar from Finco Green Energy Solutions

being the pioneers in solar Finco Green Energy Solutions under the Finco group umbrella has taken another ‘first step’ in solar by introducing the LG NEON2 with the newly developed ‘Cello Technology’, which improves performance and reliability. 

Lankan players experience memorable moments at Allianz Junior Football Camp

Two young Sri Lankan football players, Dimukthi Charuka of Nalanda National College, Minuwangoda and Upendra Ihalagedara of Maliyadeva College, Kurunegala, represented Allianz Insurance Lanka at the Allianz Junior Football Camp held in Munich, Germany, held from August 13 to 18. 

Cox & Kings appoints Classic Vacations as PSA in Sri Lanka

Cox and Kings Ltd, the leading holidays and education travel group with operations in 23 countries, has appointed Classic Vacations as its Preferred Sales Agent (PSA) in Sri Lanka to promote and sell outbound holidays from Sri Lanka. 

NDB Wealth sponsors PWM Junior Masters

NDB Wealth recently sponsored the inaugural PWM Junior Masters golf tournament, wherein 16-year-old Darren Hall proved himself the overall winner, having led a 50-strong competitor pool. 

Unilever Sri Lanka opens application for SPARKS student ambassador programme

Recognized as the No. 1 employer in the nation, Unilever Sri Lanka is reaffirming its commitment to empowering the country’s future business leaders by launching ‘SPARKS’, a student ambassador programme for undergraduate students, for the second consecutive year. 

UNOPS-EU initiate constructing sewerage, waste water treatment plant for Vavuniya Hospital

In a bid to address one of the biggest risks jeopardizing the environmental and health conditions in the Vavuniya township, the United Nations Office for Project Services (UNOPS)

MGC-ECL Sports Day a great success

MG Consultants (Pvt.) Ltd (MGC) and Engineering Consultants (Pvt.) Ltd (ECL) hosted the entire staff and their families of over 600 people to a day filled with fun and frolic at their annual ‘MGC-ECL Family Fun and Sports Day’ held at the Bloomfield Grounds, Colombo recently. 

Prima showcases product range at Pro Foods exhibition

Prima products were showcased at Pro Food Pro Pack and AgBiz Exhibition 2015 organised by the Sri Lanka Food Processors Association (SLFPA). All four popular Prima brands - Prima Treats, Prima KottuMee

BEPZ Toastmasters holds sixth Installation Ceremony

Biyagama Export Processing Zone (BEPZ) Toastmasters had their sixth Installation Ceremony at the Dutch Burgher Union, Bambalapitiya recently. MAS Active (Pvt.) Ltd Linea Intimo Director Strategic Planning and Finance Renuka Perera was chief guest for the event.